NVIDIA Corporation (NVDA) has been issued subpoenas by the U.S. Department of Justice as part of an ongoing antitrust investigation, according to Bloomberg, citing individuals with knowledge of the situation.
The Bloomberg report outlines that the subpoenas were directed at NVIDIA and other firms to gather evidence concerning potential violations of antitrust regulations by the leading AI processor manufacturer. This development signifies an intensification of the Justice Department's examination.
On Tuesday, NVDA shares ended the regular trading session at $108.00, reflecting a decline of $11.37 or 9.53%. The stock continued to fall in after-hours trading, dropping an additional $2.60 or 2.41%.
